Asia
Market Chatter: Geely Automobile to Buy Ford Assembly Facilities in Spain
China's Geely Automobile (HKG:0175) is taking over a part of a Ford factory in Spain, Reuters reported Wednesday, citing a local publication.The company has reportedly agreed to purchase the Body 3 vehicle assembly facilities at the Almussafes plant in Valencia, with plans to build one of its models there, Reuters reported, citing Spanish trade publication La Tribuna de Automocion.A Ford representative called the news speculation, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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